Last week the US economy got clobbered by the biggest banking collapse since 2008 when the parent of Silicon Valley Bank, SVB Financial Group (NASDAQ: SIVB) failed to raise enough capital to continue.
Prominent crypto conglomerate Digital Currency Group (DCG) is seeking to secure new banking partners for its portfolio companies in the aftermath of the recent collapses of Silicon Valley Bank (NASDAQ:
Shiba Inu (CRYPTO: SHIB) is trading higher by 5.39% to $0.00001174 Tuesday morning. Shares of several altcoins are trading higher on continued upward momentum in cryptocurrencies.
Bitfarms Ltd (NASDAQ: BITF), Coinbase Global Inc (NASDAQ: COIN) and Marathon Digital Holdings Inc (NASDAQ: MARA) shares are all trading higher Tuesday morning.
Jim Cramer, host of CNBC’s Mad Money, on Monday, said that in light of the cryptocurrency market rebound, he would be selling all of his Bitcoin (CRYPTO: BTC) holdings.